Chalmette, New Orleans, LA—70126
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chalmette, New Orleans, LA
As of Oct '25, the median home price in Chalmette, New Orleans, LA is $145,000, with a year-over-year change of 2.7%. This indicates that home prices in Chalmette, New Orleans, LA are increasing. According to Zillow, the 1-year price projection is -4.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | 2.7% |
| Single Family | $146,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $90,000 | 4.7% |
3 Bed | $148,000 | 1.4% |
4 Bed | $178,000 | 4.1% |
| 5 Bed | $181,000 | 3.4% |
% of Housing Stock
Rental Trends — Chalmette, New Orleans, LA
As of July '25, Rentcast reports the average rent in Chalmette, New Orleans, LA is $1,530, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Chalmette, New Orleans, LA is studios: $950, 1-bedrooms: $826, 2-bedrooms: $1,290, 3-bedrooms: $1,740, 4-bedrooms: $2,060. The most common rental property sizes in Chalmette, New Orleans, LA are 3-bedroom and 2-bedroom, accounting for 39.1% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,530 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $837 | $826 |
| 2 Bed Rent | $1,280 | $1,290 |
| 3 Bed Rent | $1,700 | $1,740 |
| 4 Bed Rent | $2,100 | $2,060 |
% of Rental Stock
Property Listings — Chalmette, New Orleans, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Chalmette, New Orleans, LA is 76. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | -12.0% |
Listing Count | 97 | -17.0% |
| Listings as % of Homes | 0.7% | -17.0% |
Days on Market | 76 | 12.0% |
Demographics — Chalmette, New Orleans, LA
As of the latest ACS Survey released in 2023, Chalmette, New Orleans, LA has a population of 28,700, which has increased by 1.8% over the past 5 years. Chalmette, New Orleans, LA is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 1.8% |
% Under 18 | 24.9% | -10.4% |
% Seniors | 15.3% | 25.4% |
% WFH | 5.3% | 130.4% |
% w/ College Degree | 23.9% | 11.2% |
As of the latest ACS Survey released in 2023, Chalmette, New Orleans, LA is a predominantly black area, with 85.5% of the population identifying as black. The black population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Chalmette, New Orleans, LA is hispanic, making up 6.2% of the population. Foreign-born residents account for 4.1% of the population in Chalmette, New Orleans, LA, and this percentage has increased by 95.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 4.7% | 9.3% |
% Black | 85.5% | -7.6% |
% Hispanic | 6.2% | 113.8% |
% Asian | 0.9% | 200.0% |
% Foreign Born | 4.1% | 95.2% |
Mortgage and Risk — Chalmette, New Orleans, LA
According to HUD data as of 2023, there were 83 mortgage originations in Chalmette, New Orleans, LA, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Chalmette, New Orleans, LA. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Chalmette, New Orleans, LA
As of 2024, the percent of homes in Chalmette, New Orleans, LA under the Section 8 program is 45.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Chalmette, New Orleans, LA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,450 |
Total Units Section 8 | 2,323 |
% Rentals under Section 8 | 45.8% |
% Occupied Section 8 | 97.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $283 | $837 | $1,120 |
| 2 Bedroom | $60 | $1,280 | $1,340 |
| 3 Bedroom | $10 | $1,700 | $1,710 |
| 4 Bedroom | -$90 | $2,100 | $2,010 |
Affordability — Chalmette, New Orleans, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $145,000 |
| Median Household Income | $38,200 |